The conference “Contemporary problems of economic development” has been organized by the College of Economics and Social Sciences of the Warsaw University of Technology, Branch in Płock and KN SONDA since 2014. This year is her 11th. already edited.
The conference is addressed to researchers, doctoral students and students in the field of social sciences and management.
This year, the conference is part of the celebration of the 100th anniversary of management science at the Warsaw University of Technology.
The theme of the conference is management and finance issues in the public sector.
The public sector includes entities of the national economy grouping state property (of the State Treasury and state legal persons), ownership of local government units or local government legal persons and “mixed ownership” with a predominance of capital (property) of public sector entities. The public sector plays a very important (and growing) role in modern economies. This is evidenced by both its share in the creation of GDP (42.1% in 2021), as well as the ratio of public finance sector debt to GDP (43.8% in 2021) and the share of general government debt in GDP (53, 8% in 2021).
The activity of the public sector is based primarily on providing citizens with social assistance, education, access to health care, guaranteeing national security and spatial development planning. It therefore offers services that directly or indirectly benefit all citizens. Thus, the level of budget revenue determines the level and scope of public services (expenditure). However, at the same time, public sector debt affects the ability to finance public goods.
Due to the significant role of the public sector in modern economies, these problems have been at the center of the socio-political debate in many countries for many years. Both the 2008 crisis and the current socio-economic situation resulting from the Covid-19 pandemic and the war in Ukraine contributed to many significant problems with balancing public finances and slowing down the dynamic growth of public debt. For this reason, the public sector, and in particular the local government sector, must adapt to constant (often unexpected) changes taking place not only in the area of providing goods and services to society, but also in the management and financial areas.